Google now biggest media company in the world
Internet search phenomenon Google has overtaken a swathe of venerable rivals to become the world’s biggest media company by stock market value.
After its shares hit an all-time high on the New York markets on Tuesday, Google is now worth $80bn (£44bn).
This takes it ahead of media leviathan Time Warner, which is valued at $78bn.
The valuation comes in spite of the fact that Google’s annual sales total just $3.2bn, a fraction of Time Warner’s $42bn.
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